JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sees Large Decline in Short Interest

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 724,485 shares, a decrease of 57.0% from the September 30th total of 1,686,454 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,819,643 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On JPMorgan Core Plus Bond ETF

Several hedge funds have recently added to or reduced their stakes in JCPB. Torren Management LLC bought a new position in shares of JPMorgan Core Plus Bond ETF during the 1st quarter worth approximately $37,000. Peck Wealth Management LLC purchased a new position in shares of JPMorgan Core Plus Bond ETF during the third quarter worth about $37,000. Blueline Advisors LLC purchased a new position in shares of JPMorgan Core Plus Bond ETF during the 3rd quarter valued at about $39,000. Western Wealth Management LLC purchased a new position in JPMorgan Core Plus Bond ETF in the 1st quarter worth approximately $76,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new position in JPMorgan Core Plus Bond ETF during the 3rd quarter valued at about $75,000.

JPMorgan Core Plus Bond ETF Stock Up 0.3%

JCPB stock opened at $45.60 on Friday. JPMorgan Core Plus Bond ETF has a twelve month low of $44.40 and a twelve month high of $48.17. The business’s 50-day simple moving average is $45.38 and its 200 day simple moving average is $46.57. The company has a market cap of $17.51 billion, a PE ratio of 60.35 and a beta of 0.26.

JPMorgan Core Plus Bond ETF Company Profile

The JPMorgan Core Plus Bond ETF (JCPB) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively-managed ETF consisting of a broad array of fixed income securities. JCPB was launched on Jan 28, 2019 and is managed by JPMorgan Chase.